Stock market rises today

By Hung Le &nbspApril 5, 2019 | 09:05 pm GMT+7 An investor sits in front of stock market screens at a securities company in Hanoi. Photo by Reuters/Kham Both the VN-Index and HNX-index closed in the green today despite foreign investors being net sellers for a third consecutive session. At the end of the session, Vietnam’s benchmark VN-Index which represents almost 90 percent of Vietnam’s stock market cap, managed to inch up by 2.35 points, an increase of 0.24 percent, to close at 989.26 points. The HNX-Index, which accounts for the remaining 10 percent, rose by 0.42 percent, while the Unlisted Public Company Market (UPCoM) Index that trades shares of unlisted companies saw a marginal 0.06 percent gain. Blue chips posted gains, with state-owned enterprises PetroVietnam Gas (GAS) rising by 2.5 percent and Vietnam National Petroleum Group (PLX) by 1 percent, and private food and manufacturing conglomerate Masan Group (MSN) by 0.6 percent. Subsidiaries of … [Read more...] about Vietnam stock market treads water despite foreign selling

Viet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. Attending … [Read more...] about How to pop your cherry in Việt Nam’s stock market

Stock market unpredictable in 2019, say expertsBy Phuong Thao HCMC – The local stock market is expected to have unpredictable moves in 2019 as global developments have become complicated, causing challenges to economic management in the country, said securities experts. Speaking with vietstock.vn, Duong The Quang, general director of DongABank Securities Company, forecast 2019 to be a tough year, citing that both overseas and domestic factors may cause huge impacts on the local market. First, the trade war between the U.S. and China have turned complicated, with its impacts seen in many aspects such as technology, capital and currency. Vietnam, having strong trade relationships with the two markets, will endure significant influence. Second, the local economy, despite its impressive growth rate in 2018, still heavily depends on foreign direct investment (FDI) and a number of large companies. If the global economy suffers unfavorable movements, the enterprises will see their … [Read more...] about Stock market unpredictable in 2019, say experts

Stock market unpredictable in 2019, says expertsBy Phuong Thao HCMC – The local stock market is expected to have unpredictable moves in 2019 as global developments have become complicated, causing challenges to economic management in the country, said securities experts. Speaking with vietstock.vn, Duong The Quang, general director of DongABank Securities Company, forecast 2019 to be a tough year, citing that both overseas and domestic factors may cause huge impacts on the local market. First, the trade war between the U.S. and China have turned complicated, with its impacts seen in many aspects such as technology, capital and currency. Vietnam, having strong trade relationships with the two markets, will endure significant influence. Second, the local economy, despite its impressive growth rate in 2018, still heavily depends on foreign direct investment (FDI) and a number of large companies. If the global economy suffers unfavorable movements, the enterprises will see their … [Read more...] about Stock market unpredictable in 2019, says experts

Logo of the London Stock Exchange. The euro rose against the dollar but was down versus sterling. Oil prices rebounded meanwhile, after slumping Friday to the lowest levels in more than one year. Bitcoin extended its slide, dropping under US$4,000 to US$3,541.02 - the lowest level for 14 months. "Italian stocks have been the outperformer in Europe ... on reports that the government may consider reducing its deficit target in a bid to avert a disciplinary procedure in Brussels and a backlash in the markets," noted Craig Erlam, senior market analyst at Oanda trading group. "The pound is also a little higher ... after (British Prime Minister) Theresa May overcame the first, and smallest, hurdle to her Brexit deal getting over the line." May convened her cabinet and updated Britain's parliament on the newly-agreed Brexit deal Monday, as she begins the tricky task of selling the plan to her sceptical country. In Rome, Italy's populist government appears open to reducing its draft budget … [Read more...] about European stock markets rally on Brexit deal, Italy budget hopes

Logo of the London Stock Exchange. In Europe, all key markets closed solidly in the black, but London's FTSE index underperformed, held back by a steady pound and a weak sales outlook from advertiser WPP. Wall Street extended opening gains, helped by optimism on corporate earnings, a day after geopolitical worries and trade fears slashed billions off US stock valuations. The tech-heavy Nasdaq was well over two percent higher approaching midday in New York, having fallen a whopping 4.4 per cent on Wednesday. "US stocks are rebounding in early action from yesterday's sharp drop, with a host of relatively favourable earnings reports helping counter a flood of global headwinds that have pressured the markets and kept volatility elevated as of late," said analysts at the Charles Schwab brokerage. But Capital Economics analyst Oliver Jones said that the rebound in US markets was unlikely to last. "We think that the bounce in the S&P 500 today after its slump on Wednesday will prove … [Read more...] about European stock markets rebound after dramatic tumble

Market rises for third dayBy Phuong Thao HCMC – Stocks rose for the third consecutive session today, October 4, driven by further solid gains in the banking and oil and gas sector. The VN-Index of the Hochiminh Stock Exchange gained a mild 3.22 points, or 0.32%, against the day earlier to close at 1023.62. The southern market saw 196.6 million shares worth VND4.7 trillion exchanged, up 12.7% and 18.3% versus Wednesday, respectively. Lenders continued attracting cash flow, in which MBB gained 3.9% at VND24,000 and became the most heavily traded stock with matching volume of over 21.4 million shares. Some securities experts have forecast further index rise this month as the local market still make positive reactions to domestic macro developments and the world economy. Le Thu Ha, head of research and market strategy team at Vietcombank Securities Company, said on vietstock.vn that 1,000 points has been a strong technical supporting level for the market. Given the current … [Read more...] about Market rises for third day

Energy drives local stock markets upBy Thanh Thom HCMC – Energy stocks drove the market up today, August 8, as confidence in the energy sector was bolstered following the recent oil price increase. The benchmark VN-Index on the Hochiminh Stock Exchange (HOSE) closed the day at 966.27 points, surging 9.48 points, or 0.99%, versus the previous session. Trade on the southern market declined by 4.2% in volume and a staggering 25.9% in value to some 155.7 million shares and VND3.5 trillion, the lowest liquidity in the last 15 consecutive sessions. The local put-through market saw around 14.5 million shares worth some VND504.6 billion traded, compared with over 23.8 million shares worth roughly VND1.5 trillion on Tuesday. Notably, dairy producer VNM rose by a slight 1.63% at VND155,500 per share after its straight eight-day losing streak. Oil prices have soared recently, as global markets fret over the prospect that the United States sanctions on Iran will cause fuel supply to … [Read more...] about Energy drives local stock markets up

European stock markets fall as global trade tension escalates, (Photo: AFP) A day before the European Union was to slap retaliatory tariffs on a range of American benchmark products, including jeans and motorbikes, analysts said trade war fears were quickly turning into the real thing. "We have a trade war - and it's an escalating trade war," SEB chief economist Robert Bergqvist told AFP in an interview. The US's apparent readiness to introduce tariffs on all imported Chinese goods made this "a serious situation", he said. By announcing tariffs on US$50 billion in Chinese imports and threatening tariffs on up to US$400 billion more, US President Donald Trump is testing a no-holds-barred strategy whose consequences remain unknown. China accounts for about half of the massive US trade deficit in goods, leaving the Asian powerhouse far more exposed to Trump's tariffs than vice versa. 'REDUCE EXPOSURE' Last year, the United States exported US$130 billion in goods to China but imported … [Read more...] about European stock markets fall as global trade tension escalates

Brokers process trading orders at Saigon Securities Inc’s office in Hanoi. (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares ended January 16 on a negative note as large-cap stocks were hit by strong selling as investors worried about a draft amendment on the initial margin to be passed by market regulators. The benchmark VN Index inched down 0.05 percent to close at 1,062.96 points after having rallied by a total of 5 percent in the previous six straight sessions. The minor HNX Index on the Hanoi Stock Exchange fell 0.36 percent to end at 121.59 points. It gained 1.06 percent on January 15. More than 406.6 million shares were traded on the two local exchanges, worth nearly 9.2 trillion VND (408.4 million USD). The trading figures were up 13 percent in volume and 6 percent in value compared to the numbers on January 15. Market trading condition turned slightly negative with 237 declining stocks against 214 gainers. Another 144 other stocks ended flat. Large-cap … [Read more...] about Stocks fall on worries of tight margin lending